Flipkart
Snapdeal, Flipkart call off merger deal
01 Aug 2017
The decision follows objections raised by Snapdeal's smaller investors on the terms of the deal and payouts and the emergence of an alternative `Snapdeal 2.0’ strategy
Snapdeal-Flipkart merger may not happen after all
31 Jul 2017
A meeting scheduled for today to close the buyout of Snapdeal by Flipkart has been cancelled, as Snapdeal founders Kunal Bahl and Rohit Bansal seem keen to revive it as a leaner, meaner ‘Snapdeal 2.0’
Snapdeal sale around corner as Jasper okays Flipkart offer
27 Jul 2017
The buyout deal is almost through but the board wants to take a broader consensus from its major shareholders, including Ratan Tata and PremjiInvest, reports said
Flipkart agrees to $900-950-bn acquisition of Snapdeal
26 Jul 2017
The merger deal does not include FreeCharge and Vulcan Express - the two subsidiaries of Jasper Infotech that owns Snapdeal
Flipkart set to sweeten offer for Snapdeal; may go up to $950 mn
13 Jul 2017
Snapdeal, which is also engaged in separate discussions for selling Freecharge (mobile wallet operations) and Vulcan Express (logistics), is likely to close these as well over the next few weeks
Snapdeal rejects Flipkart’s Rs5,500 cr buyout offer; talks still on
05 Jul 2017
Snapdeal's board is reported to have rejected a takeover offer of $800-850 million (around Rs5,500 crore) from larger ecommerce rival Flipkart
Flipkart COO Nitin Seth quits ahead of Snapdeal acquisition
31 May 2017
Nitin Seth's departure will further widen the ambit of chief executive officer Kalyan Krishnamurthy, who last week took over the HR function as in charge of all the key functions at Flipkart
Flipkart, Snapdeal sign term sheet for all-stock merger
24 May 2017
The merged entity will create a stronger competitor to global online retailer Amazon, which is using all available means to establish itself as leader in the Indian online market place
Snapdeal staff may get Rs193 cr payoff after merger with Flipkart
15 May 2017
In an unusual move, Snapdeal’s founders Kunal Bahl and Rohit Bansal may distribute $30 crore, half of their expected payout of $60 crore, among all employees after the expected merger with Flipkart
Snapdeal co founders to get $30 mn each as merger with Flipkart nears
12 May 2017
The merger of online marketplaces Snapdeal and Flipkart is now virtually confirmed, with Snapdeal co-founders Kunal Bahl and Rohit Bansal likely to receive $30 million in cash each from SoftBank on their exit from the company
Flipkart tightens returns policy, no more automatic refunds
21 Apr 2017
Earlier, online shopping sites offered full refund and a no-questions-asked policy to assure sceptical Indian customers to buy on their portal
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